Elizabeth Warren to oppose (Obama Pick) Antonio Weiss as Treasury undersecretary
Source: Politico
Sen. Elizabeth Warren plans to oppose President Barack Obama’s nomination of Antonio Weiss, a Wall Street investment banker, to be Treasury Undersecretary for Domestic Finance, another sharp-elbowed move by the progressive movement’s most prominent leader.
Weiss, head of global investment banking at Lazard, is widely respected on Wall Street. But he advised on Burger King’s acquisition of Canadian doughnut chain Tim Horton’s, a so-called “tax inversion deal.” Defenders say the deals are commonplace across Wall Street and Weiss did not advise on the tax portion. Such arguments have not swayed the Massachusetts Democratic senator, a persistent Wall Street critic who appears headed to a leadership role in the next Congress.
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A Warren adviser told POLITICO: “She is a no on Antonio Weiss. She was a Treasury official herself, she cares a lot about who is in the domestic finance role. It oversees Dodd-Frank implementation and other core economic policy-making.”
(Also on POLITICO: Big donors urge Warren to run)
The adviser added that Warren “agrees with Senator Grassley that his past work with corporate inversions is a major issue, and she’s had growing concerns with the Administration being loaded with so many appointees from Wall Street rather than more people who would bring different perspectives.”
Read more: http://www.politico.com/story/2014/11/elizabeth-warren-antonio-weiss-treasury-undersecretary-112889.html
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